I don’t know about you, but I see a lot of MMA fans that are into the Crypto space and in turn NFT’s.
Non-Fungable Tokens, or NFT’s are like digital artwork and are contained on the Blockchain, the same way Bitcoin is managed. Think of these as trading cards that are always a Gem Mnt 10, and you know exactly how many of each card are in circulation. In UFC Strike’s case these are short video clips, or moments, that you get to own.
This isn’t the UFC’s 1st NFT, they did a release with Crypto.com leading up to UFC 268 back in December. Panini has also released “Blockchain” trading cards. But, UFC Strike has been something people have been waiting for quite some time, it’s in association with Dapper Labs and the Flow Blockchain, the same companies that brought you the uber-popular NBA Top-Shots, and are currently in Beta with NFL All-Day. Both are officially licensed but the NBA and the NFL show moments from games and the past games in each given sport.
UFC Strike is all about collectability. The Series 0 drop that happened on Sunday Jan. 23rd 2022 included 100,000 packs which included 35 different moments including* 10 highly coveted champion moments which were limited to just 75 each. Each pack contained 3 cards.
One awesome thing about UFC Strike is that they will be giving back to the fighters, UFC Fighters will be receiving 50% of the UFC’s share of the revenue from the NFT sales, this also includes secondary sales.
Well, not all things come without some issues and this was not perfect. According to a UFC Strike Blogpost, they had issues with the cards that were minted in each pack, and not all of the Champion Moments were put into the 100,000 packs. And unlike the UFC it seems that Dapper Labs is going out of their way to make things right. For every person that bought a pack, they will receive an extra card, they will be randomly airdropping the 348 remaining Champion Moments in those drops, and they will be issuing a $50 credit to use through Dapper Labs. These credits can presumably be used for NBA Top-Shots, NFL All-Day or a future drop of UFC Strike.
I do have concern that this will decrease the value of cards already purchased (I did buy 3 packs). But in all honesty, only time will tell and and the market will eventually dictate the value of these NFT’s.
Below are some samples of the NFT’s in which we purchased.